Tories Turn to Leadership Race as May Puts Up One More Fight.

Tories Turn to Leadership Race as May Puts Up One More Fight

(Bloomberg) -- Follow @Brexit, sign up to our Brexit Bulletin, and tell us your Brexit story. 

U.K. Prime Minister Theresa May vowed one more push to get her unpopular divorce deal through Parliament but her party is already moving on, hurtling into a bitter leadership race that will define the course of Brexit.

Rival factions of the Conservative Party are staking out their positions and on Monday Work and Pensions Secretary Amber Rudd will lead a group of 60 Tories seeking to stop bookmakers’ favorite Boris Johnson from succeeding May and pursuing a chaotic no-deal exit from the European Union.

The pound fell 2 percent last week as investors braced for the possibility that May’s successor could push for a hard split from the bloc -- the worst-case scenario for business.

By Jessica Shankleman

Full story at Yahoo News.